$ONG /USDT BEARISH BREAKDOWN UNDER KEY RESISTANCE โ ๏ธ๐
$ONG/USDT is showing signs of bearish pressure, failing to break resistance and trending below key moving averages. Price action suggests downside continuation if current support fails.
๐น Current Price: $0.1707
๐ป Resistance Levels:
โข $0.1738 โ Immediate resistance
โข $0.1770 โ Strong swing resistance
๐ป Support Levels:
โข $0.1686 โ 24h low / key short-term support
โข $0.1650 โ Critical breakdown level
๐ TRADE SETUP โ SHORT ENTRY
๐ฅ Entry Zone: $0.1705 โ $0.1715
๐ฏ Targets (TP):
โข TP1: $0.1680
โข TP2: $0.1650
โข TP3: $0.1600
๐ก๏ธ Stop Loss (SL): $0.1745 (above recent resistance)
๐ RISK MANAGEMENT
โ Use max 2% of capital per trade
โ Maintain 1:2+ Risk/Reward ratio
โ Avoid overleveraging in a low-volume environment
๐ป Momentum favors bears โ watch for breakdown confirmation! ๐ป
#CryptoTrading #ONGUSDT #BearishTrend #TechnicalAnalysis ๐ง ๐ฐ
#BinanceHODLerRESOLV #CryptoRoundTableRemarks #IsraelIranConflict #Tradersleague #Write2Earn! $ONG